Jason Hartman and Gary Pinkerton discuss Gary's experiences with tenant turnover, how he reduces costs by using durable replacement materials and some preventative measures he uses to ensure tenants are satisfied in his properties. Gary and Jason also discuss the benefits of two-year leases with built-in rent increases and how immersing yourself in the investor culture (by attending Venture Alliance and JHU’s) can make you the best investor you can be.

Key Takeaways:

- How to reduce "tenant turn" without spending a lot of money with Gary Pinkerton.

- Two-year leases with built in rent increases.

- Management companies commonly keep late fees much like a payday loan business.

- How to minimize the cost of tenant turnover and make your property durable.

- A service like Home Advisor is an inexpensive way to self-manage.

Mentioned in This Episode:

Jason Hartman

Home Advisor

Real Estate Tools

Property Tracker

Venture Alliance Mastermind

Gary Pinkerton talks with Phil Cefaratti, Navy Lieutenant Commander, Retired and founder of Potomac River Advisors, about his experience starting his own business after leaving the service and why other servicemen can do the same.

Key Takeaways:

[6:29] Why Phil started his own brokerage

[10:41] Lessons Phil learned while starting his own company after leaving the service

[14:12] Be confident in what you know and what you're doing

[18:31] If you're lacking for confidence when leaving the military, think about the jobs you did while you were in the service. 99% of the people on earth haven't done anything remotely close to those

Website:

www.PotomacRiverRealtors.com

Jason Hartman talks with loan manager, stock trader and financial columnist, Logan Mohtashami with a no-spin discussion on the fiscal cliff and other current events.

Logan Mohtashami is a senior loan officer at his family owned mortgage company AMC Lending Group, which has been providing mortgage services for California residents since 1988. Logan is also a financial columnist for Benzinga.com and contributor for BusinessInsider.com and writes on financial matter relating to the housing market and basic economics.

Website:

www.LoganMohtashami.com

Gary Pinkerton talks with Eric Rittmeyer, The Mental Toughness Speaker, about how you can increase your mental toughness and stand guard over things that enter your head. Eric talks about both the problems we face and the solutions we can use in order to increase our mental toughness and live happier lives.

Key Takeaways:

[7:50] How Eric ended up teaching mental toughness and reverse mortgages (not exactly your standard combination)

[11:23] The "Approval Addiction" is the ultimate success killer

[15:31] Stand guard against what comes into your head

[19:26] How to help people when they get shut down on a sale or project

[23:53] It's crucial to understand our triggers

[27:01] Take responsibility for your successes and failures

Website:

www.MentalToughnessSpeaker.com

Gary Pinkerton starts today's episode discussing the importance of viewing your mortgages as assets. They're the thing that's going to allow you to get the returns you need to absolutely destroy returns you could be getting investing in Wall Street or simple bank accounts.

Jason Hartman is joined by Larry Muck, the Executive Director of the American Association of Private Lenders, to talk about the AAPL’s history, mission and vision.  Larry explains what private lenders are doing for people that the banks can’t do, and how the AAPL is trying to organize the efforts of private lending.

Website:

www.JasonHartman.com/Masters

www.GaryPinkerton.com

Gary Pinkerton talks to Yaron Brook, host of The Yaron Brooks Show and former Executive Director of the Ayn Rand Institutde and current Chairman of the Board. After Gary left the service, he struggled with disliking big government after being a part of it for so long. Eventually he discovered Ayn Rand and everything sort of fell into place. Yaron challenges Gary about his thoughts on the military and government and argues that the self is the most important thing you can be true to, not because we're selfish, but because doing what our self values will benefit society. Yaron also explains the 2 decisions you make when you decide to become a public servant.

Website:

www.YaronBrookShow.com

Gary Pinkerton talks to Markian Sich, founder and CEO of Active Duty, Passive Income, about his journey from living in the Ukraine to joining the US Naval Academy and eventually becoming a real estate investor. The two look at the beginnings of Markian's entrepreneurial ventures and how he discovered househacking while in the military as his way of getting in to real estate.

Key Takeaways:

[3:34] How Markian's childhood in Ukraine shaped his life when he came back to the US at 15

[6:38] Robert Kiyosaki and Tim Ferriss changed Markian's life

[11:24] Markian is making a transition inside the military right now

[15:16] The genesis of Markian's military househacking writing

[21:46] Investing in turnkey properties

[24:22] Military spouses can become real estate professionals and drastically help out tax-wise

Website:

www.ActiveDutyPassiveIncome.com

Text "Househacking" to 345345 to get a free copy of Markian's book

Gary Pinkerton talks with Pamela Pete, Chief Master Sergeant (retired) Air Force Veteran and author of Masterful Purpose Daily and Goal Action Planner and Planner Guide, about her passions. Pamela takes a deep dive into goals, passions, and how people are misconstruing the two. Pamela also explains how she transitioned from the service to civilian life: how long it took her to adjust and what she did along the way to help, as well as how she prepared herself to take the ultimate step and start her own business.

Key Takeaways:

[4:17] How Pam discovered what her gift was at only 10 years old

[10:57] The process Pam had for people who were about to separate from the military to ensure a successful transition

[15:38] It took Pam about a year to finally put her uniforms away after leaving the service

[18:59] Everyone has fears. We have limiting beliefs that we impose on ourselves that we need to recognize and overcome

[21:47] Don't confuse your passion with goals

[28:03] Concentrate on what you're going to do TODAY to move you toward your goal

[29:59] Reevaluate, review and refocus Every. Single. Day.

Website:

www.MasterfulPurpose.com

www.JasonHartman.com/Masters